Retirement age reform in the Russian Federation is widely discussed in recent Russian economic literature. This literature mainly focuses on economic justification of increasing retirement age, less often considers demographic issues. The latter that according to economists point of view provide additional arguments for this reform are critically considered in the article. As indicated in it, none of these issues (population ageing, life expectancy growth, health of the elderly) nowadays provide empirical grounds for making decisions on changes in retirement age. On the contrary, modern demographic processes in Russia give arguments against this reform.